S&P 500, Dow, and Nasdaq Decline Amid Weakness in Tech Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
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Source: NASDAQ.COM
- Tech Stock Weakness: The S&P 500, Dow, and Nasdaq indices all declined, with the S&P 500 down 0.21%, the Dow down 0.55%, and the Nasdaq down 0.26%, reflecting market concerns over the performance of the 'Magnificent Seven' tech stocks, which have been under pressure.
- Credit Card Companies Under Pressure: Following President Trump's statement that credit card companies would be in violation of the law if they do not cap interest rates at 10%, major credit card stocks like Mastercard and Visa fell over 5% for the second consecutive day, negatively impacting the overall market sentiment.
- Rising Oil Prices: Geopolitical tensions have pushed WTI crude oil prices up more than 3% to a 2.25-month high, driving energy stocks higher and indicating strong demand and supply concerns in the energy sector.
- Economic Data Outlook: The market is focused on upcoming economic data releases, including November PPI and retail sales figures, which are expected to influence Federal Reserve policy, especially amid legal threats faced by Fed Chair Powell, complicating interest rate expectations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
